DIEM is a perpetual liability on Venice's balance sheet - a claim on inference, forever. Right now, Venice growth is great! But what happens on a rainy day, when the DIEM liability grows and revenue stalls... or worse, decays? I asked @JonShapeShift about the bear case "The brake are built in. Venice can't control DIEM supply, but it steers the target, so the liability can't outgrow the business." 👇(David Hoffman)